Baker Hill Announces New CRO

Baker Hill Announces New CRO

Baker Hill, a financial technology provider in delivering solutions for common loan origination, risk and relationship management, CECL, and smart data analytics, announced the selection of Todd Juracek as Chief Revenue Officer. Juracek will assume responsibility for revenue-generation strategy and execution in order to maintain Baker Hill’s record growth from 2019. The company supports more than 20,000 bankers originating loans while managing more than $1.3 trillion in commercial loans for its client roster.

Juracek is a seasoned sales, account management, and marketing executive with 25+ years of financial industry experience. Prior to joining Baker Hill, Juracek was Senior Vice President of Client Management and Sales Operations at Fiserv where he successfully fostered a team and business that serviced the company’s largest core processing clients.  Previously, he was Executive Vice President at Wausau Financial Systems where he transformed the sales, marketing and channels team to optimize market opportunity with a focus on demand generation.

“Todd is an exceptional sales and marketing leader with a proven track record for growing revenue as well as building, transforming and coaching high performing teams.  I am confident in Todd’s ability to lead the team through our next stage of growth.  We are excited he has joined our team,” said John M. Deignan, CEO and President of Baker Hill.

This news comes on the heels of clients such as Hawaii State FCU recently choosing Baker Hill NextGen® Exception Tracking to support its rapid growth in commercial lending and complement its existing Baker Hill NextGen® solution. Lafayette, La.-based Home Bank also renewed its relationship with Baker Hill, including the addition of Baker Hill NextGen® CECL and Baker Hill NextGen® Business Loan Origination, to increase productivity and efficiency in the lending process and deliver an extraordinary digital experience to clients.

“Much like many community banks today, we have a handful of disparate systems that lenders and frontline users must use to complete simple requests,” said Darren Hill, SVP, Credit Manager of Home Bank. “The biggest benefit Baker Hill NextGen® will bring to our bank is having everything in one central platform. Our lenders are excited about the opportunity to eliminate redundant data entry and access efficient business lending and portfolio management tools while driving loan growth.”

Notably, Baker Hill manages nearly 18 million rules daily, constantly monitoring the financial strength of each client’s commercial loan portfolios. Baker Hill maintains the CRM while also tracking all associated products for more than 37 million commercial lending customers. The company’s technology has allowed financial institutions to submit almost $157 billion in small business loan applications. A partnership with Fiserv allows Baker Hill’s core integrations with financial institutions to maximize the digitalization of their small business and commercial loan practices, ensure more consistent application of the management team’s expertise and judgment, and empower commercial relationship managers to optimize the return on their commercial loan portfolio. Through partnerships with Validis and other technology providers, Baker Hill offers automated financial statement and tax return processing to fast track risk analysis and minimize data entry allocation.

The industry has taken notice of Baker Hill’s continued success. Baker Hill NextGen® was selected by Aite Group as best-in-class commercial loan origination system, recognizing their breadth of product features, superior client services, and client loyalty in the market, in the analyst firm’s 2019 Impact Report. Baker Hill NextGen® was also named a Finovate Awards finalist for delivering an exceptional digital experience to the financial services industry. Additionally, the company was included in the 2019 IDC FinTech Rankings for the fourth consecutive year, ranking among the top 100 global providers of financial technology based on calendar year revenues. Also, Baker Hill was selected by TechPoint, the nonprofit, industry-led growth initiative for Indiana’s technology ecosystem, as a nominee for its 20th annual Mira Awards as “New Tech Product of the Year” for its 2018 launch of Baker Hill NextGen®.

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